TRX Gold (NYSE:TRX) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX - Free Report) in a research note issued to investors on Monday morning. The brokerage issued a hold rating on the stock.

TRX Gold Price Performance

Shares of TRX traded up $0.00 during mid-day trading on Monday, hitting $0.32. The company's stock had a trading volume of 251,974 shares, compared to its average volume of 412,315. The firm has a 50-day simple moving average of $0.31 and a 200 day simple moving average of $0.33. The firm has a market capitalization of $89.66 million, a P/E ratio of -31.76 and a beta of 0.37. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 0.03. TRX Gold has a 1-year low of $0.27 and a 1-year high of $0.49.

Institutional Investors Weigh In On TRX Gold

Several hedge funds have recently modified their holdings of TRX. Financial Sense Advisors Inc. grew its stake in TRX Gold by 24.3% during the fourth quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company's stock worth $52,000 after buying an additional 32,991 shares during the period. Sprott Inc. grew its holdings in TRX Gold by 506.7% during the 4th quarter. Sprott Inc. now owns 145,454 shares of the company's stock valued at $45,000 after purchasing an additional 121,479 shares in the last quarter. Rossby Financial LCC increased its stake in TRX Gold by 15.7% during the 1st quarter. Rossby Financial LCC now owns 960,000 shares of the company's stock worth $310,000 after buying an additional 130,000 shares during the period. Virtu Financial LLC acquired a new position in TRX Gold in the 3rd quarter worth $52,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of TRX Gold in the fourth quarter worth about $120,000. 1.06% of the stock is owned by institutional investors and hedge funds.

TRX Gold Company Profile

TRX Gold Corporation engages in the exploration, development, and production of mineral property interests in the United Republic of Tanzania. The company primarily explores for gold deposits. It holds interests in the Buckreef gold project that comprises a single Special Mining License covering an area of 16.04 square kilometers and 12 Prospecting Licenses covering 98.19 square kilometers located in north-central Tanzania.